Singapore: Guidance on grants to encourage GST InvoiceNow adoption
Three different grants available
The Infocomm Media Development Authority (IMDA) published guidance on GST InvoiceNow grants to support GST-registered businesses in adopting GST InvoiceNow through free solution packages and transition grants.
Subject to the relevant eligibility conditions, the following grants are available:
- GST InvoiceNow Transition Grant (S$1,000): Available from July 1, 2026, to March 31, 2030, for eligible GST-registered businesses with total annual supplies up to S$4 million
- GST InvoiceNow Transition Grant (S$5,000): Available from July 1, 2026, to March 31, 2028, for eligible GST-registered businesses with total annual supplies exceeding S$4 million
- InvoiceNow Queen Bee Grant (S$25,000): Available from July 1, 2026, to March 31, 2030, for large enterprises with annual turnover exceeding S$4 million
For more information, contact a KPMG tax professional in Singapore:
Audrey Wong | audreywong@kpmg.com.sg
Han Swee Peng | sweepenghan@kpmg.com.sg